Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for Bulgaria
CP0934BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.47
Year-over-Year Change
-1.93%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets measures inflation in the pet industry in Bulgaria. This key indicator helps economists and policymakers understand changes in consumer spending and the overall cost of living.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the prices of pet food, supplies, veterinary services, and other pet-related goods and services in Bulgaria. It is an important component of the broader consumer price index and provides insights into consumer behavior and household budgets.
Methodology
The data is collected through surveys of retailers and service providers across Bulgaria.
Historical Context
This index is used by the Bulgarian government and the European Central Bank to inform economic and monetary policy decisions.
Key Facts
- Bulgaria's pet industry accounts for around 2% of consumer spending.
- Veterinary services make up the largest portion of pet-related costs.
- Prices for pet products have risen faster than overall inflation in Bulgaria over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of pet food, supplies, veterinary services, and other pet-related goods and services in Bulgaria.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer spending patterns and the cost of living in Bulgaria, particularly for households with pets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Bulgaria.
Q: How is this trend used in economic policy?
A: This index is used by the Bulgarian government and the European Central Bank to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for Bulgaria (CP0934BGM086NEST), retrieved from FRED.